News

Jinse Finance reported that DYdX President Eddie Zhang stated the company plans to enter the US market by the end of 2025 and, in addition to its existing perpetual contract trading, will launch cryptocurrency spot trading, including assets such as Solana. Zhang mentioned that the increasingly friendly US regulatory environment is an important reason driving this strategy. Recently, both the US SEC and CFTC have indicated they will consider including perpetual contracts in domestic trading.

Jinse Finance reported that JPMorgan analysts stated that Circle's USDC stablecoin has surpassed Tether's USDT in terms of on-chain activity and market capitalization growth. Since January this year, USDC's market cap has increased from approximately $43 billion to about $74 billion, a rise of 72%, significantly higher than USDT's 32% growth over the same period. Analysts pointed out that USDC's growth is attributed to a clearer regulatory framework, transparent reserve management, regular audits, and compliance advantages under Europe's MiCA regulations, along with a continuously increasing rate of institutional adoption. In contrast, USDT, which has not obtained MiCA authorization, has faced delistings from exchanges in Europe, while USDC has promoted on-chain settlements and merchant payments through integration with payment networks such as Visa, Mastercard, and Stripe. Additionally, the increase in decentralized finance activities involving USDC on blockchains like Solana and Base, as well as Circle's Cross-Chain Transfer Protocol (CCTP) supporting secure cross-chain transfers, have also contributed to its growth.